Deed of Trust definition
Examples of Deed of Trust in a sentence
All costs of Deed of Trust documents preparation, the Deed of Trust Trustee, and the proper recording of the Deed of Trust and associated loan documents shall be the responsibility of the Buyer.
The Deed of Trust creating a Lien on the portion of the Collateral that consists of real property shall have been duly recorded or registered within the real property records of the applicable counties within the State of Texas and the security interests in the portion of the Collateral that consists of personal property and fixtures shall have been properly perfected.
The Deed of Trust contains other terms and conditions, including, without limitation, affirmative and negative covenants, such as minimum total equity (common equity plus preferred equity), a maximum ratio of net debt to total assets, a minimum ratio of total equity (common equity plus preferred equity) to total assets, and a negative pledge.
Buyer shall pay (a) 100% of Escrow Holder’s fees and Deed of Trust Trustee fees (b) the recording fees for the Deed and Deed of Trust, and any other documents contemplated by this Agreement, any statutory disclosures, and any amounts charged by or owing to any owners’ association.
In addition, the Deed of Trust contains customary events of default, with customary cure and notice periods, for a notes offering in Israel.